Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
The luxury label owned by LVMH has doubled its leather goods production capacity in Tuscany with a new site in Radda in Chianti. The site, in which Celine invested over €20 million, is set to double its staff by 2021.
Mark Howard Thomas has quit Helmut Lang, barely two years after being appointed creative director of menswear of the fashion house - leaving one month after presenting a critically acclaimed Lang show in New York.
Givenchy has launched Givenchy Atelier, a capsule collection inspired by the brand’s haute couture heritage in a more accessible format, available for a month at Galeries Lafayette and several Givenchy stores.
Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand, via LVMH Luxury Ventures, an investment vehicle with the group that previously bought into Gabriela Hearst.
The brand general manager of Parfums Christian Dior is succeeding Laurent Boillot as head of Guerlain at the beginning of November. According to AFP, Boillot will take over at cognac brand Hennessy in 2020.